House Speaker John Boehner announced a budget deal just a day before the deadline for a possible federal government shutdown. The Republican-written bill has no sign of past shutdown flashpoints, but it doesn’t mean everyone is happy. Political editor Lisa Desjardins joins Judy Woodruff to take a look at the fine print and the political wrangling over the more than $1 trillion package. Continue reading
Today in the Morning Line: N.C., Colo., Iowa tops in ad spending for final two months of campaign Democrats have edge on the air in all three Republicans spending more in Ark., Alaska, La. New polls show Roberts in trouble … Continue reading
The United States’ spending on higher education far outstrips that of other countries that make up the Organization for Economic Co-operation and Development, according to the group’s annual Education at a Glance report released today. Annually, the U.S. spends about $26,000 per student, compared to the OECD average of less than $14,000.
The White House says President Barack Obama’s upcoming budget proposal will not include his past offer to accept lowered cost-of-living increases in Social Security and other benefit programs. Those had been a central component of his long-term debt-reduction strategy.
Officials said Thursday that those potential reductions in spending, included in last year’s Obama budget, had been designed to initiate negotiations with Republicans over how to reduce future deficits and the nation’s debt. But Republicans never accepted Obama’s calls for higher tax revenue to go along with the cuts. Continue reading
When purchasing holiday gifts for your friends and family, is it really the thought that counts? Some economists argue that spending money on presents that don’t produce the same amount of satisfaction from the receiver is a dead weight loss. Paul Solman explores this grinchy economic perspective on the holiday shopping season. Continue reading
With an outcome of near universal health coverage for residents of the Bay State, the 2006 reform of Massachusetts’ health care system has also come with higher prices. Paul Solman reports on the state’s effort to slow rising costs by looking for ways to cut spending on care that doesn’t add value or improve health. Continue reading
Since 2010, Congress has operated under continuing resolutions rather than one-term budgets. As part of the solution that ended the shutdown, a bipartisan committee has begun talks to negotiate political differences on funding. Judy Woodruff and NewsHour political editor Christina Bellantoni discuss prospects for compromise. Continue reading
The U.S. government went back to work after Congress passed a bill that ended a 16-day shutdown and temporarily raised the debt ceiling. President Obama called on lawmakers to work together, while a small budget group began meeting in hopes of reaching a long-term solution. Congressional correspondent Kwame Holman reports. Continue reading
While health care spending rose in 2011, it did so only slightly due to the recession and slow overall economic growth. Ray Suarez talks to Health Affairs’ Susan Dentzer about the dichotomies of health care spending, including why there has been a slowdown in health care spending when personal out-of-pocket costs have increased. Continue reading
Is saving money during the holidays smart or Scrooge-ish? Is shopping a way of forging social bonds and expressing your freedom or is it giving in to crass commercialism? Following the lessons of some "economist Christmas carols," economics correspondent Paul Solman weighs the economic and social theories of both sides. Continue reading